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Gold miners will return to net hedging in 2014, GFMS says
By Jan Harvey
Reuters
Friday, July 4, 2014
Gold producers will return to net hedging for the first time since 2011 this year, GFMS analysts at Thomson Reuters said on Friday, after Polyus Gold this week announced a two-year progamme to sell gold forward. ...
Russia's largest gold producer, Polyus Gold, said on Thursday that it had entered into financing contracts to sell 310,000 ounces of gold over two years to boost the certainty in its cash flow and operating margins. ...
... For the full story:
http://www.reuters.com/article/2014/07/04/gold-hedging-idUSL6N0PF2J82014...
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